Peoples Bancorp Inc. (PEBO) Expected to Announce Earnings of $0.49 Per Share
Wall Street analysts expect Peoples Bancorp Inc. (NASDAQ:PEBO) to post earnings per share (EPS) of $0.49 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Peoples Bancorp’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.51. Peoples Bancorp reported earnings of $0.41 per share in the same quarter last year, which would indicate a positive year over year growth rate of 19.5%. The business is scheduled to announce its next quarterly earnings report on Friday, January 26th.
On average, analysts expect that Peoples Bancorp will report full year earnings of $2.11 per share for the current fiscal year, with EPS estimates ranging from $2.10 to $2.13. For the next financial year, analysts forecast that the business will post earnings of $1.85 per share, with EPS estimates ranging from $1.81 to $1.89. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Peoples Bancorp.
Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings results on Tuesday, October 24th. The bank reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. Peoples Bancorp had a net margin of 21.10% and a return on equity of 7.99%. The company had revenue of $41.83 million during the quarter, compared to analyst estimates of $41.96 million.
Several research firms have recently commented on PEBO. Keefe, Bruyette & Woods restated a “neutral” rating on shares of Peoples Bancorp in a research note on Tuesday, July 25th. Zacks Investment Research upgraded Peoples Bancorp from a “hold” rating to a “strong-buy” rating and set a $38.00 price target for the company in a research note on Friday, July 28th. BidaskClub cut Peoples Bancorp from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Finally, Boenning Scattergood restated a “hold” rating on shares of Peoples Bancorp in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $35.00.
Shares of Peoples Bancorp (PEBO) opened at 34.15 on Monday. The stock’s 50 day moving average is $33.16 and its 200-day moving average is $32.26. The firm has a market cap of $615.25 million, a PE ratio of 18.46 and a beta of 0.78. Peoples Bancorp has a 52 week low of $24.16 and a 52 week high of $35.43.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Friday, November 3rd will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Thursday, November 2nd. Peoples Bancorp’s dividend payout ratio is presently 43.56%.
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In related news, Director S Craig Beam sold 7,939 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $33.77, for a total transaction of $268,100.03. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold 12,987 shares of company stock worth $436,142 in the last ninety days. 3.04% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in PEBO. Russell Investments Group Ltd. grew its holdings in Peoples Bancorp by 6.6% during the first quarter. Russell Investments Group Ltd. now owns 13,378 shares of the bank’s stock worth $423,000 after acquiring an additional 834 shares during the period. Bank of New York Mellon Corp grew its holdings in Peoples Bancorp by 4.8% during the first quarter. Bank of New York Mellon Corp now owns 123,192 shares of the bank’s stock worth $3,900,000 after acquiring an additional 5,654 shares during the period. Ameriprise Financial Inc. acquired a new position in Peoples Bancorp during the first quarter worth $475,000. Parametric Portfolio Associates LLC grew its holdings in Peoples Bancorp by 1.3% during the first quarter. Parametric Portfolio Associates LLC now owns 15,961 shares of the bank’s stock worth $505,000 after acquiring an additional 210 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Peoples Bancorp by 259.4% during the first quarter. JPMorgan Chase & Co. now owns 99,953 shares of the bank’s stock worth $3,165,000 after acquiring an additional 72,141 shares during the period. 62.58% of the stock is currently owned by hedge funds and other institutional investors.
About Peoples Bancorp
Peoples Bancorp Inc is a financial holding company. The Company operates principally through its subsidiary, Peoples Bank. Peoples Bank’s operating subsidiaries include Peoples Insurance Agency, LLC (Peoples Insurance) and two asset management companies, PBNA, LLC. and Peoples Tax Credit Equity, LLC.
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